As part of its efforts to strengthen food security and enhance livestock productivity, Egypt’s Ministry of Agriculture and Land Reclamation has announced a new mechanism enabling breeders and farms to acquire high-yield Italian buffalo breeds through an easy installment plan extending up to five years.
The initiative aims to drive a qualitative leap in local dairy and meat production by introducing genetically improved breeds, supported by subsidized financing at a declining annual interest rate of 5%, easing the financial burden on small and medium-scale breeders.
Application and Evaluation Process
Applications can be submitted through agricultural and veterinary directorates, as well as branches of the Agricultural Bank of Egypt across all governorates, following a structured and transparent process.
The procedure begins with an official financing request submitted by the breeder. This is followed by an on-site inspection conducted by a joint committee representing agriculture, veterinary services, and the bank, to ensure that facilities meet the required standards. Upon technical approval, financial procedures and guarantees are finalized with the bank.
Key Obligations for Beneficiaries
To ensure sustainability and long-term success, the Ministry has set several conditions, including a grace period of up to nine months before monthly installments begin, mandatory valid farm licensing, and insurance coverage for the livestock throughout the loan period.
Beneficiaries are also required to supply produced milk to accredited collection centers, supporting the national dairy production system and strengthening value chains across the sector.
